{"id":326627,"date":"2024-02-02T06:49:00","date_gmt":"2024-02-01T22:49:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=326627"},"modified":"2024-02-02T09:17:47","modified_gmt":"2024-02-02T01:17:47","slug":"technicals-talk-dmc-holdings-inc-dmc-2-feb-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-dmc-holdings-inc-dmc-2-feb-2024-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: DMC Holdings, Inc. (DMC) – 2 Feb 2024 by Regina Capital Development Corp."},"content":{"rendered":"
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\"\"<\/figure><\/div>\n\n\n
<\/div>\n\n\n\n

Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>DMC<\/td><\/tr>
Company Name<\/strong><\/td>DMC Holdings, Inc.<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>2 Feb 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 10.34<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 10.90<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

DMC finished unchanged! Looking at the chart, the overextension of DMC’s rally does not seem to bother the bulls. <\/p>\n\n\n\n

It is a good thing that we have been seeing signs of bargain hunting as investors have pushed the price to the north from yesterday’s intra low of 10.44. <\/p>\n\n\n\n

Technical-wise, the DMIs exhibit a spike in the selling pressure coupled with a decelerating momentum, while the RSI cues traders that the stock is already cozy in the overbought zone. <\/p>\n\n\n\n

In our view, the stock’s trend remains intact and the signs of intraday bargain hunting implies that the correction in yesterday’s session seems to be healthy. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

Hold.<\/p>\n\n\n\n

Weekly target: 10.80.<\/p>\n\n\n\n

Support: 10.34.<\/p>\n\n\n\n

Resistance: 10.90.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Looking at the chart, the overextension of DMC’s rally does not seem to bother the bulls. <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-326627","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/326627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=326627"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/326627\/revisions"}],"predecessor-version":[{"id":326633,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/326627\/revisions\/326633"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=326627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=326627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=326627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}